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Old 07-27-2007, 10:53 PM
adamgalas adamgalas is offline
Junior Member
 

Join Date: Mar 2007
Posts: 82
Default damn it! Now I have another system I have to try!

Damn it all! I swore to myself that I would stop adding systems to my demo account, but Dale you have left me no choice Now I will be back to trading 7 systems at once.

Once question though: when trading 1 day charts, what initial stop loss do you reccomend?

I noticed in your AUD/USD example that sometimes 1 or 2 dots appear and then the trend reverses suddenly and the dots go the other way.

So setting to big a stop loss is not agood idea, but too small and you may never get into a trend.

On many of my demo systems I use 25 pip SL for trades that last 1-2 days, but for a longer trend I am leaning towards 50 pips SL. What are you useing?

Also, you mention reset your Stop loss each day. What do you mean by that?
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